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Influential Mary Dillon appointed CEO of Foot Locker
…At 61, Mary Dillon, the woman who made Ulta Beauty the leading beauty retailer in the US, has been appointed C.E.O. of Foot Locker (2800 stores in 28 countries, turnover of US$2.07...
1 September 2022
BNPL: Saudi fintech Tamara raises US$100 million
Article by Caroline Soutarson, published on 23 August 2022…In Saudi Arabia, the fractional payments solution Tamara completed a US$100 million Series B capital raise on 22 August, 2022.
1 September 2022
Klarna quadruples losses in first half of 2022
Article by Caroline Soutarson, published on 31 August 2022…Despite a 24% increase in half-year business volume (GMV) compared to the same period last year, Swedish fractional payment...
1 September 2022
Mango maintains a presence in Russia through franchises
…Condemned by the West, Russia is turning to Turkey and India. Mango (with 42% online sales) has announced a sale of 55 Russian stores, and maintaining a franchise presence. The...
31 August 2022
EU. Retailers embrace energy efficiency
…Since the start of the war in Ukraine, EU countries have been facing soaring energy prices. Retailers are being asked to become energy efficient this autumn with a package of measures to...
31 August 2022
For Decathlon Belgium, consumer reviews boost in-store conversion
…In Belgium, Decathlon (sales of €13.8 billion in 2021, up by 11% compared to 2019) considers consumer reviews as a lever to convert an enquiry to sales. The sporting goods retailer...
26 August 2022
Julien Tessonneau poached by Foodpanda Asia
Julien Tessonneau leaves Central Food Retail, Thailand’s largest grocery retailer and a subsidiary of Central Retail (2021 turnover of US$5.89 billion, with 20% of sales online). He becomes...
Pinduoduo : Imminent launch in the U.S.A.
Chinese online retailer Pinduoduo wants to compete with Amazon to find new growth drivers, at a time when the Chinese economy is slowing down (G.D.P. grew by 0.4% in Q2 2022 year-on-year, after a...
24 August 2022
[Barometer] Financial indicators of the 10 largest global food retailers in 2021
How has the financial health of the 10 largest global food retailers changed since 2017? How did Target manage to climb to 19% of online sales, when Carrefour is only 4%? How do Ahold Delhaize and...
24 August 2022
The French government wants to support dark stores
Pedestrian pick-up points in several cities, cafés inside a dark store in London... While Gorillas shows willingness to welcome the public in its warehouses, the French government is considering...
23 August 2022
Sephora bets on partnerships with Glossier and Kohl’s
On July 26, 2022, the beauty DNVB Glossier signed an agreement with Sephora to increase omnichannel revenue. Starting in Q1 2023, Glossier’s products (the firm was valued US$1.8 billion in...
Emaar Malls to sell e-commerce business
…The sale of the Dubai-based Emaar Properties e-commerce fashion business, started in October 2021 is almost complete. The company held a meeting on Thursday 18 August 2022, to arbitrate...
19 August 2022
Ingka Centres starts construction of a first Indian mall
…Ingka Centres, a subsidiary of the Ingka Group (turnover of €37.4 billion in the fiscal year to August 2021 up by 6% year-on-year) started construction of the Gurugram mixed-use...
19 August 2022
Kohl’s rolls out self-pick-up
Eager to improve profitability of e-commerce operations, Kohl's is rolling out a service of a self pick-up, throughout its whole U.S. store network.
18 August 2022
Amazon invests US$1.7 billion in Roomba robot hoovers
…Involved in connected home equipment products, Amazon announced on August 5, 2022, an agreement to buy iRobot Corp, a company that makes, among other things, the Roomba robot hoover, for...
17 August 2022
Greenwashing. Ongoing investigation of Asos, Boohoo and Asda
…On 29 July, the U.K. Competition and Markets Authority (CMA) announced an investigation into ASOS, Boohoo and Asda to check if the green terms they use are legitimate. Their so-called...
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